A Student Answers All 48 Questions on a Multiple-Choice Test

question 22

Multiple Choice

A student answers all 48 questions on a multiple-choice test by guessing. Each question has four possibleanswers, only one of which is correct. Find the probability that the student gets exactly 15 correct answers. Usethe normal distribution to approximate the binomial distribution.

• A) 0.0823
• B) 0.8577
• C) 0.7967
• D) 0.0606

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Definitions:

Raw Materials

Basic substances in their natural, modified, or semi-processed state used as inputs to a production process for manufacturing goods.

Raw Materials Inventory

Goods and materials that are used in the manufacturing process to be converted into finished products, tracked in accounts as a current asset.

FOH Volume Variance

The difference between the budgeted and actual volume of production, affecting fixed overhead costs.

FOH Budget Variance

The difference between the actual factory overhead costs and the budgeted or standard overhead costs allocated for a period.